Rationalizing economic development and environmental sustainability

Rationalizing Economic Development and Environmental Sustainability

There happens to be a two-fold task governing the existence of economic development and environmental stability - national progress towards economy depends on natural resources , and natural resources needs replenishment to continue the cyclical mode of economic development . In this manner , these two important national concerns continuously exist with a common approach of relationship . Indeed , the economy depends on the environment and the stability of the environment likewise opts for support from the sectors enriching the economy

In issues occurring between economic development and environmental

stability , there are claims that the arousal of the economy inhibits the constancy of the environment . The energy sector primarily is one of the fundamental avenues governing this relationship . An exemplification of such is the report of Woodwell and Ramakrishna (2004 ) entitled World Bank undermines efforts on global warming

It states there that the World Bank favorably considered the continued support for the expansion of new-fangled sources of fossil fuels , one of the principal causes of climatic distraction . It came up with a decision that interests on recommending support to the less developed countries which are good prospects that can sell oil or gas or coal to the world markets . Furthermore , the alleged deed brings back into the limelight the ongoing inconsistency between the voices of the scientific community that provokes on the world 's state , and the ears of what the economic and political communities bear . In fact , the environment is being changed in conduct that annihilates its life-supporting capacity Instead , it seeks for immediate efficient steps to stop the erosion

Such report only signifies how the trend of coming up with possible sources of oil , gas or coal can be much of a danger to the environment to the inhabitants surrounding the possible resources , and to the planet earth as well . Global warming for the past decades continuously alarms the people of its degrading effects on the environment . Drastically different industries governing the economy surely have directly or indirectly implied to such dilemma

In lieu with this , the question is back to basic - What does the environment do to the economy ' Indeed , there is a need to assess the economic value of the environment through its fundamental means , ways and processes . Taking a look with CIDA 's Policy for Environmental Sustainability , an article called Assessing the Economic Value of the Environment ' states that taking into consideration the economic values implied to all environmental values , which may be of cultural aesthetic , or spiritual , is not possible . Moreover , programmers are in constant need to assess the environment 's value to know its value in economic terms , and to assess the economy 's value to identify its value in making of environment decisions . In contrast with the macro and micro level , there is a need to emphasize the pros and cons of doing economical activities that may affect that of the environment

Furthermore , the article The Complicated Interrelationships of Poverty , Population and Natural Resources ' from the same policy states the sophisticated...